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Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

Monday, November 30, 2015

One of the things that troubled me was folks saying...Oh if it comes out at 67 cents I will wait 30 days...And my point to everyone is beware of the options or what could happen...Because everyone is calling for a rate...I am saying they can do it and RV but it would be a short window to exchange because there are no lower denoms...So if you missed the 67 cent window...you may get a 1.50 window but without the 3 zeros in the exchange rate.

NOBODY knows the date but I'm sticking with TIMING! Iraq needs to make certain that all the numbers are correct. One glitch could be disastrous for them and the countries that support them...so yes TIMING. And IMO the clock is about to strike 12.

At the end of last year, most market pundits and investors believed that a steady, gradual appreciation of the Chinese currency (the yuan, or the renminbi) versus the US dollar was the most likely scenario as China continues its inevitable march towards being the preeminent global economic power.

Since early 2014, however, I’ve been identifying indicators that point to a signifcant downturn in the Chinese economy. And that to me presented an incredible speculative opportunity that that we could all profit from.

It was obvious that China’s economy was in for serious trouble:

First corporate defaults started happening. Capital started feeing the country en masse, and indeed the Chinese government’s foreign exchange reserves started shrinking.

Industrial production growth has slowed down markedly, as has trade—exports shrank by 14.6% from a year earlier in March. Imports also slid 12.3%. For an economy as reliant on trade for its growth engine as China, that’s a huge drag on performance.

Chinese real estate prices are down on average 5.7% countrywide versus a year ago.

GDP growth has slowed substantially from previous years. The International Monetary Fund (IMF) now projects that Chinese growth will slow to 6.8% in 2015, and 6.3% in 2016.

To prop up growth, the Chinese government engineered a huge stock market bubble earlier this year, which spectacularly collapsed a few months ago.

Despite all of this, there is a MAJOR disconnect between the Chinese economy and the Chinese currency

Typically, when an economy suffers, the currency suffers with it. Look at Australia, Russia, Turkey, South Africa etc. Each of these countries is in serious economic pain, and their currencies have declined accordingly.

But that hadn’t happened yet in China when I first made this observation. The Chinese renminbi was still trading more or less in a ‘normal’ range thanks to government intervention to prop the currency up.

That signaled a major speculative opportunity to bet on a decline in the renminbi. It was impossible to know -when-, but eventually, the government would run out of ammunition and devalue the currency in accordance with the economic slowdown.

Bets like these are always difficult to make; you can get the premise right, and the timing wrong.

Would the Chinese government devalue in a month? Six months? A year? It was impossible to say, which is why we categorized this a ‘high risk, high return’ speculation.

But the short-term case against China continues building as the numbers get worse.

Virtually every single economic indicator shows that China is experiencing serious pain.

My thesis that the slowing Chinese economy and capital fight would cause so much pain that the yuan would have to weaken proved to be correct. Indeed, the Chinese authorities took most of the market by surprise in mid-August and devalued the yuan by several percent, which was a huge move.

It shook the markets badly. A mild panic ensued, and I think the Chinese got spooked. They were not expecting so much money to try and rush out of China.

As a result, they baulked. Even though they clearly would like to engineer a weaker yuan, they got scared of the consequences.

Because what’s driving the Chinese authorities right now, in the short term, has little to do with economic fundamentals. Instead, it’s the on-again, of-again, debate about whether China’s currency should be included in the IMF’s SDR basket.

Remember, SDR (Special Drawing Rights) is IMF’s currency that doesn’t exist in physical form (i.e. it’s a digital currency) and that can only be used by governments and central banks. It’s like their own monopoly money.

The value of the SDR is composed of the values of currencies in its currency basket. There are currently four of them: the US dollar, the euro, the British pound, and the Japanese yen. In the financial world this gives these four currencies some extra credence, since they have the seal of approval from the IMF. They’re considered reserve currencies, and most central banks around the world hold some portion of them.

Every five years the IMF reviews the SDR’s currency basket composition. The next review is about to happen by the end of the year.

There haven’t been any changes to it in a long time, but with China’s rapid rise and its importance in the global economy, the Chinese yuan is increasingly banging on IMF’s door. And they can’t ignore its ascendance much longer.

The Chinese authorities crave for the yuan to be included in the SDR currency basket. They see it as their acceptance to the Big Boys Club. (Even though at the same time they’re hedging their bets and building a parallel international financial architecture that doesn’t rely on the West.)

Having earlier in the year said that it would not be possible to include the yuan this time around, some IMF stafers back-flipped, and are now recommending that the yuan be included after all.

Seizing on this possibility, the Chinese authorities are desperately trying to keep the yuan stable until the final decision is handed down, and impress the IMF by reducing capital controls (even though they have simultaneously increased them elsewhere).

An announcement is expected before the end of the year, after an IMF board meeting considers the issue some time in November. But any change to the SDR basket would not come into effect until October, 2016.

You can read the IMF’s not-so-cryptic message about it on its website, here:

It seems to me there is a lot of political horse-trading going on behind the scenes over this issue. And no one knows what’s going to happen in the end.

This has left the currency in limbo.

So for now the best thing to do is wait.

Options are funny beasts in that their prices are heavily affected by volatility, sentiment, and news.

Right now we don’t see an obvious BUY in the options market. I’d expect this will open up pending (a) the IMF decision, and (b) what happens with the US interest rate decision next month.

So we’ll have more to report soon. There will likely be several more recommendations before this trade runs its course. We want to be very clear—some will win, others will lose.

So far we’ve had one recommendation in this trade up as much as 450%. Another was down 56%. And a few have expired worthless for a 100% loss.

I expect we will have one or two more big wins before this story plays out, as well as a few more that are 100% losers. It’s important to know that going into these trades—as always, only make high risk speculations with small bite sizes that won’t dent your personal financial situation.

No one has a crystal ball and can predict exactly when the yuan will weaken. But all the evidence continues to suggest that it will.

In the long term, China will inevitably displace the US as the biggest and most important economy, and the renminbi will likely replace the US dollar in importance globally as a result.

But in the short term, the Chinese economy is in trouble after unprecedented growth and even greater credit creation have slowed.

We’re betting that the currency will follow.

If you’re short the yuan via other trades that don’t have a time limit, for instance via the Investors Europe FX trading platform, or Saxo Bank’s FX options offerings, which I have also pointed non-US Persons toward, I definitely recommend that you HOLD your position.

China’s economic fundamentals continue to deteriorate and a weaker currency is one policy tool the authorities will eventually use to try and stem the bleeding, when it gets painful enough.

But, for now, it’s best to stand aside and let the IMF SDR inclusion issue be decided on first, before we look to come back for another crack at profiting from the yuan devaluation.

Hello Everyone, I am only reporting on these articles and trying to make sense of them just like you are. So let’s work together and see if we can make any sense of this latest news and what it means to our investment and this ongoing R V saga.

Sometimes we get into a mind set for many reasons as to when this RV is going to occur. Sometimes it is not reality but a fictional world sensed by everyone searching for the same truth….Truth is knowledge -plain and simple.

Today’s News

Today is Monday November 30th the last day of the month and “who ever thought we would still be here”. Really? …lol…lol….Well I thought we would be here and I have proved it to you over and over again..lol...

This is not the kind of news you might expect to get today….lol…lol… however there is a lot good news and its is all still pointing us in the right direction. It can only get better as time progresses. Like a detective searching for clues this RV saga can be exciting too. Let’s see what happens next as we enter the last month of December and then 2016.

[Update: Currency Reform]

I want to keep all of us focused on the truth always and nothing but the truth.. So let me bring to the newsletter today once again an article that was published from Iraq about mid November. This article is telling us so much about the timelines with the CBI and currency reform process. Do you remember this article?

In this article they are TELLING US THE TIMELINE! Are you listening or so hyped up for this weekend RV your ears are closed?

I quote from the article – “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes -- a 50,000 dinar note before the end of this year and 100,000 banknote next year and canceling small ones”.

I quote - “The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes -- a 50,000 dinar note before the end of this year and 100,000 banknote next year and canceling small ones”.

I quote – “This move by Iraq's Central Bank helps to move the country away from the U.S. Dollar and begin to use their own currency for day-to-day transactions”

So what does this tell us?

It tells us they are right on track with their plan for currency reform when the 50k notes was launched (in November just before the end of “this” year - 2015) it became very obvious to us. We expected it to happen and it did. But here is the good part of the article.They are telling us they plan to cancel the small ones (meaning the ones smaller than the 50k and 100k notes (10k, 25k etc..) and this statement also confirms as FACT once again that the newer 50k and 100k notes will be remaining as part of their “permanent” currency.

It also tells us the plan includes getting off the USD which we know for a FACT is now nearly 80-90% of their currency in circulation. So for anyone who thinks Iraq is going to be a USD economy- think again, its not!

A Central Bank of Iraq (CBI) press release discusses the recently printed new 50,000 denomination banknotes for the Iraqi Dinar currency. Earlier this year, the 50 denomination Iraqi Dinar banknotes were removed from circulation due to their low value.

Tempe, United States - November 18, 2015 /PressCable/ --The Central Bank of Iraq (CBI) has recently printed new Iraqi Dinar banknotes in the 50,000 denomination, the largest in the history of the country. Since the removal of Saddam Hussein's portrait from the currency in 2003, new banknotes were produced in the denominations of 50, 250, 500, 1000, 5000, 10000, 25000 and now 50000. This move by Iraq's Central Bank helps to move the country away from the U.S. Dollar and begin to use their own currency for day-to-day transactions.

A complete translation of the press release, which contains the original Arabic language as well as English, is available at the following website:

The notes were printed mainly for the purposes of having a larger value banknote in circulation. As of the writing of this press release, this new 50,000 Dinar banknote has an exchange rate of $44.84. Iraq's ultimate goal will be to use their own currency for daily transactions instead of the United States Dollar, which is the primary currency used in the country for larger transactions. The Central Bank of Iraq will release a 100,000 Dinar banknote by the end of 2016, but the actual release date is subject to change, and could be delayed until mid to late 2017.

The banknotes contain an image of the waterwheels of the Euphrates and palm trees in the middle of the note, along with an image of one of the waterfalls in Kurdistan on the right side of the face of the note. The banknotes are written in Arabic, Kurdish, and English. The new notes are 65 mm in width, 156 mm in height and predominantly colored light brown other than the border decorations which have a darker color.

Clipped security thread having 4 mm width in its middle containing animated effects changing color from green to blue when tilting the banknote, having the phrase "The Central Bank of Iraq" written on it.

Advanced security mark known as "transparent window" on the right side of the face of the banknote (the upper left side on the back as well) showing the graphic of the Twisted Minaret in Samarra when putting it on a white background, and showing the number (50000) when putting it on a dark background.

The note was painted with a protective paint to increase the note's lifespan and protect it from dirt and dust.

Low oil prices have affected the budget of Iraq as over 90% of their budget is based on the sales of oil. Fitch, the top bond rating agency, finally gave Iraq their 1st rating, a B minus along with a stable outlook. Fitch predicted a double digit fiscal deficit for 2015, due to the lower oil prices as well as much higher military spending and war costs. "Iraq scores the worst of all Fitch-rated sovereigns on the composite World Bank governance indicator, reflecting not only insecurity and political instability but also corruption, government ineffectiveness and weak institutions," Fitch said.

During the reign of Saddam Hussein, one Iraqi dinar was worth over $3, however, the economy began to suffer when economic sanctions were started in August 1990. Due to excessive government printing of the new notes issue, the dinar devalued quickly, and in late 1995, U.S. $1 was valued at 3,000 dinars. Today, it's about 1,166 dinars to $1. Annual inflation in Iraq is currently about 2 percent.

Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes -- a 50,000 dinar note before the end of this year and 100,000 banknote next year and canceling small ones.

Article Ends

What’s New?

So over this weekend we learned the “Progress of Development Policies Institute” hosts on Saturday Governor of the Central Bank for the purpose of discussing monetary policy. See article below.

BaghdadThe progress of development policies Institute hosts on Saturday Governor of the Central Bank for the purpose of discussing monetary policy.

According to a statement of the Institute received by all of Iraq [where] a copy of it "will be hosting the Governor of the Central Bank on the Keywords tomorrow in the Institute building at 10:30 am to talk about monetary policy and the reserve is located, and other files related."

He added that the symposium which will join the elite of finance and economy experts.

Article Ends

So what did they talk about in this symposium?

Well what we do know shortly after the end of the meeting they began talking about the project “to delete the zeros” once again. They also talked about reforms needed for the money auctions. Could the corruption in the money auctions be a part of the halting the 50k notes?

Remember late last week it seemed everything was being put on hold until next year. We are assuming “early” next year as I can not imagine going far into 2016 and opening the budget without some kind of currency reform, but that is only my opinion.

Then out pops three more articles on currency reform shortly after this symposium. Wow! Three more articles in only two days? Better pay attention if we see this much talk in such a short period of time. Something is going on.

So lately we hear the completion of the auditing process of 50 private banks throughout Iraq. The results show that 40 out of 50 where involved in money laundering to some degree. Mostly associated with the money auctions. Could this also be a reason why they halted the project to delete the zeros until next year? Can they correct the situation and quickly more forward again?

Article #1 and #2 below is the CBI speaking out from the findings and recommendations of the symposium held on Sunday (see article above) about actions necessary to protect these money auctions. The governor of the CBI is telling us they will continue the money auctions but they need laws (legislation in place) as to how they will be conducted (they already have the anti-money laundering act but this is only catching the corruption after the fact). However, remember they also told us a couple weeks ago they intend to slowly decrease these auctions and eventually they will go away (probably post RV).

I quote from the article - "the meeting took a series of recommendations, including work to enact clear legislation that unambiguously to protect the decision-makers and those with the powers of the employees of the Central Bank

I quote from the article – “the meeting of the meeting was to face questioning random accusations made against the Bank's work campaigns Central by some of the non-professionals, which found its way into the media and involved a great deal of inaccuracies and misunderstandings, and may entail negative effects on the stability of the market and investor expectations, which could be extended to damage to the financial and banking transactions at home and abroad”.

Article #3 below is yet more commentary and opinion of economists on this subject of past successful monetary reform programs in three countries: Germany 1923-2002 with the Reich Mark to Deutsch Mark to Euro, also talked abut the Bolivian Pesos 1960-1986 and its conversion from hyperinflation 1 million pesos per 1 new pesos issued, then also the Sudanese currency and its conversion 1957-2006 from the pound to the dinar converted 1 pound sterling to 100 dinars.

The point in telling you this in article #3 is they are now studying the success stories of other countries who were in similar situations and needed major currency reform. Are they struggling with finding the appropriate solution for Iraq? Are they are doing this to make the citizens more comfortable with what they have in plan and to also let them know Iraq is about to go through the same kind of a process?

Do they need to help the citizens feel comfortable with this upcoming process in the midst of the recent 50k distribution efforts and all the criticism and accusations towards the CBI. I know from my sources in Iraq that there was major complaints and criticism for the launching of the new 50k notes. They claim they do not want yet more of the intermediate 3 zero notes. What the people want is a permanent solution and to get out of this post war currency. They want VALUE to their currency. So did the 50k project also flop?

In other words they are prepping the people. So we know they are coming up with a plan and we know it will be successful just like in Germany, Bolivia and Sudan. Same idea just a different plan.

Article #1 Begins

CENTRAL BANK PUTS THE MECHANICS OF ACTION TO ENSURE THE STABILITY OF THE EXCHANGE RATE AND PREVENT SPECULATION

OUR ECONOMY / BAGHDAD

Central Bank of Iraq, announced on Sunday, for his quest to enact legislation to protect the decision-makers of the accusations, stressing continuity in the working mechanisms to ensure exchange rate stability in the markets.

The governor of the bank on the Keywords in a statement the agency "our economy" has received a copy of it, on the sidelines of a meeting with a large number of academics and relevant experts on international reserves and window sale of foreign currency at the central bank, that the meeting of the meeting was to face questioning random accusations made against the Bank's work campaigns Central by some of the non-professionals, which found its way into the media and involved a great deal of inaccuracies and misunderstandings, and may entail negative effects on the stability of the market and investor expectations, which could be extended to damage to the financial and banking transactions at home and abroad.

He added that "the meeting took a series of recommendations, including work to enact clear legislation that unambiguously to protect the decision-makers and those with the powers of the employees of the Central Bank of the charges and conjectures that are harmful to their reputation and the reputation of their institution ancient and issued by some parties, either because of ignorance, or political self-interest motives ,. and give them legal immunity enjoyed by their counterparts in the world's central banks. "

"The recommendations approved the continuation of the central bank in its direction and working mechanisms to ensure exchange rate stability, and to prevent speculation, and the removal of the big differences from the official price, and the adoption of full transparency in sales by selling the currency window", adding that "Among other recommendations adoption.

The study submitted by the governor, as a general framework for the work of the Central Bank and the options available to him, and distributed to professionals and the media in order to shed light on the facts, and dispel the image blur on the work of the Central Bank mechanisms. "

Article #1 Ends

Article #2 Begins

SELLING THE CURRENCY WILL NOT CLOSE THE WINDOW IN THE CENTRAL AND WILL NOT PRINT THE CURRENCY AS THE FORMER REGIME

Said Governor of the Central Bank of Iraq on the Keywords that he is not ready to close the sale of the currency, which raised around a lot of controversy after being confronted by the central bank charges of mismanagement as a result of adoption of this mechanism in the currency exchange window.

It also accused private banks as exploited for smuggling and money laundering.

Keywords and said while attending a panel discussion about the central policy and integrity in the presence of a personal political and economic "It surprised by the statements objected to the sale of foreign currency to citizens by the central bank window fact that Iraq imports dollar and expenditures of state and local currency which requires the central bank to sell dollars to get the local currency to meet the expenses of the State and the dollar can be described with the commodity needed by the citizen and obtained from legitimate outlets and simply as stipulated in the Central Bank of the laws.

"He Keywords that" many of the measures taken by the Central Bank to control the movement of funds and monitor their movements and their sources and address the mistakes of the past that.

"and the relationships that only 20% of State expenses in dollars, a foreign expenses for debt and imports ministries and the rest in local currency, revealing the central bank governor that in this year and reached the hypocrisy of the state to 54 trillion dinars, the volume of non-oil imports of which were three trillion local currency and the remaining oil imports in dollars was sold in the local Alasouk to bring Currency local.

As ills Keywords reason for his refusal to close the sale currency window to reality requirements as described Keywords said "the central bank has no dominance to sell the currency, but rather imposed by reality, and sales volume depends on the size of the request of the State of the local currency, and that the mechanism adopted for the implementation of the Bank's policy Central, which provides cash to curb inflation and to control the exchange rate.

With respect to waive the cash reserve with the central bank and media excitement chasing this thing, this Keywords reject al-Qaeda and said that this proposal due to lack of awareness and knowledge of the Iraqi Central policy and between the funds in the central has not reserves but it is a balance of foreign currency paid the local currency and said it flexible monetary mass fall when demand for the dollar and rise when demand for the dollar decline.

Keywords and said that the study released by the International Monetary Fund predicted the rise of the Central stock of hard currency in 2020 to $ 91 billion the fact that Iraq's imports will rise in the next stage.

In response to a Question face of the hanger on the identification of a specific timeframe to close the currency sale of dollars in the central bank window replied, "that he once available other outlets to provide the dollar in the domestic market such as remittances from the outside to the inside or the export of goods or attract investment that will cover the market need of hard currency will close sales window.

Preparations for the central bank to avoid a financial crisis caused by low oil prices in the event of continued decline and if the central resort to printing currency also work in the nineties of the last century the days of the imposition of international sanctions on Iraq and the resort of the former regime to print currency? Keywords that procedure flatly refused and said the central bank laws prohibiting printed currency in this way.

Article #2 Ends

Article #3 Begins

INTERNATIONAL EXPERIENCES HAVE PROVED SUCCESSFUL IN CHANGING THEIR NATIONAL CURRENCIES

11/29/2015 0:00

BAGHDAD - Imad emirate There are many goals that can be achieved as a result of changing the currency of any deletion of zeros, including the promotion of confidence currency at home and abroad and re-standing regional and international her, and facilitate currency conversion to other currencies process, the heart of the direction of the currency of foreign currencies to local currencies, excluding banknotes high figures and low-value, as well as put Sticky inflationary expectations and currency management reform and re-structure their categories.

This is what academic d. Abdul-Hussein Ghalibi from the Faculty of Management and Economics at the University of Kufa: Several countries proceeded to change its currency several reasons, and this Germany states that hyperinflation played a role in raising prices to levels not known before in its history as the State proceeded to finance public expenditures for Trbak Securities cash mark which led to the development of inflationary waves from day to day and even from hour to the other with great force.

resorted German government in 1923 to a new currency issue is Rantmark equivalent Elf billion mark, and the next year, the government issued a new currency named the Reich Mark to replace Rantmark one by one, but the difference is that the second was not capable of exchange with gold.

He Ghalibi in an interview for »Sabah»: The Reich Mark characterized this feature was pulled Rantmark of trading in 1948 and was re-mark the issuance and continued to deal until 2002, when the euro, which is released the fourth-largest international reserve currency, where Germany has been at the forefront of leading EU countries.

He then comes the State of Bolivia, which was characterized by historically political coups and economic collapses, explaining she did this state during the sixties of the last century to replace its currency Bolivian was changing its name to the peso at a rate of 1000 thousand bolivianos versus the peso, and the reason is the low value of the Bolivian, and continued inflation escalate where the dollar exchange rate in 1963 is equal to 6.11 pesos and in 1972 came to 20 pesos, and in 1979 he continued his downward fast as it arrived in the dollar price per one million pesos in 1985 then to 2 million in 1986, and after conducting economic reforms stabilized the exchange rate at 8.1 and 9.1 million pesos in the same year was issued the new currency the old in its name any replacement of every one million million pesos and one unit of the new currency, called Bs.

He Ghalibi that the political and economic conditions experienced by the Sudan was one of the main payment factors to change the Sudanese currency issued for the first time in 1957 on behalf of the pound, which lasted into circulation until 1991 as it was replacing the currency and change its name to the dinar, so that every dinar equivalent of ten pounds.

In 2006 and based on political agreements between the Sudanese transitional movements Central Bank of Sudan adopted a program for the issuance of a new currency during the transitional period under the Sterling name to replace the dinar by 1 pound equivalent to 100 dinars.

The most important question is whether that Iraq needs to change its currency? This is what we will leave for discussion at a later topics.

Article #3 Ends

[Update: Nori al -Maliki Saga]

Today I am presenting you with an article that tells us that yet another nail has been hammered in the final coffin of Nori-al Maliki for his corruption. In the suit for court error a decision was rendered to dismiss the claim from the Judicial Courts. Will it now go to the Administrative Courts?

Go pound sand Najafi and Maliki….lol….

I quote directly from the article– “Federal Court has proven Council of Ministers' decision to cancel the posts of Vice-President of the Republic received a lawsuit Osama Najafi, it said in a decision that "the scrutiny and deliberation of the Federal Supreme Court found that the Prosecutor's appeal against the decision of the House of Representatives adopted Minutes numbered (10) in the ratification of the 08/11/2015 Cabinet decision taken in the session numbered 307 08/09/2015 to cancel the position of his client Vice President claiming breach of the Constitution and laws, and to provide the conditions challenged the unconstitutionality of the resolution. "

Article Begins

FEDERAL COURT ABOLISH THE POSTS OF VICE PRESIDENT OF IRAQ

Abdul Jabbar Zebra

Iraqi Supreme Federal Court dismissed the case made by Osama Najafi, former Vice President of the Republic, saying the health of the House of Representatives who supported the action by the Prime Minister Haider al-Abadi cancel the positions of the three deputies infallible decision.

At a time when Mahtjo Iraq expressed his satisfaction with the decision of the Federal Court that proved Council of Ministers' decision to cancel the posts of Vice-President of the Republic, where received so suit Osama Najafi, who demanded the cancellation of the decision and brought back to the office where cross Iraqi judge was surprised that the Vice President did not know to state Court offers his claim, noting that sue to the Federal Court is a big mistake and that it was provided to the Administrative Court.

Suit for court error

Judge Abdul Rahman Mohammed Rahi he stressed, saying: Vice President Osama Najafi made the request to the wrong court, a right and submit it to the Administrative Court of the Federal Court because they are competent to do so.

He said: What is issued by the Federal Court it is only judicial proceedings .. He continued: decision for form and not substance means the Vice President of the Republic remain in office until the Administrative Court control, so it has to be to provide the House of Representatives their objections again.

Decision to dismiss the claim

Federal Court has proven Council of Ministers' decision to cancel the posts of Vice-President of the Republic received a lawsuit Osama Najafi, it said in a decision that "the scrutiny and deliberation of the Federal Supreme Court found that the Prosecutor's appeal against the decision of the House of Representatives adopted Minutes numbered (10) in the ratification of the 08/11/2015 Cabinet decision taken in the session numbered 307 08/09/2015 to cancel the position of his client Vice President claiming breach of the Constitution and laws, and to provide the conditions challenged the unconstitutionality of the resolution. "

He added: "The prosecutor established his claim before this court as a vice president in addition to his job, and that's where the third person the Prime Minister, in addition to his job that the cancellation did not comment on the House of Representatives authentication and implemented immediately," noting that "the plaintiff may have functional called on decision Council of Ministers dated 0/8/2015. "

He continued: "It is not valid before him in this case, not the defendant in addition to his job nor the third person the Prime Minister in addition to his job Balsafh where the suit established and cited by the prosecution in the request for the introduction of the third person intervention Achtsamaa," pointing out that "the loss of this lawsuit for corroboration From the legal point of antagonism shall be due reply. "

According to the resolution, "the referee decided to answer the plaintiff's claim" Osama Abdul Aziz Najafi "from the point of antagonism and loading expenses and attorneys' fees The agents of the defendant and the Under the third person, and of one hundred thousand dinars, distributed them in half, take out the third person President of the Republic in addition to his job that had been introduced for clarification and the decision was made a majority on 11.24.2015. "

Protesters feel comfortable

So protesters hair on the usefulness of their protests, and said in comments to them on the social networking site Facebook: those who say no point in demonstrations !, the Federal Court dismissed the lawsuit filed by Osama Najafi, demanding his return with his peers as Vice-President of the Republic, and proved our protests approach to health, citing This decision confirms that the demonstrations have their usefulness and they Sagtefon fruits as long as they have planted even tomorrow to sight a close.

A number of protesters that the ongoing demonstrations led to incorrect results as it is not as seen by some useless promised the decision a victory for their goals, stressing they communicate in their protests in demonstrations and raising them to the slogan (continuing) and (Juma behind Juma and corrupt Ntalaah) that Taathhak all the legitimate demands Elimination of corruption and the corrupt

Article Ends

[Beginning of Questions and Answers]

Question: Kathy Gee - with the news of postponing the 50k notes, will this affect the reconciliation conference and the 2016 budget passing before there new year? I didn't think they wanted to start off the their new year like they did last year. How far ahead is their calendar from ours?

Answer: As far as I know the targets remain the same. The CBI has been taking hear from everyone in the launching of the 50k notes and I believe this halting is just temporary while they go back and study the next step(s) going forward. Don’t jump to premature assumptions. Its not going to be every over until they get the RV and now is the time. They will endure and continue to plug away at it until they are successful in their plan. The final result may come later than sooner but it will come. Be patient!

The symposium held over the weekend was not coincidental. It was the CBI reaching out for advice and help in this matter of currency reform. They sought out world renown experts in the field that have worked with other countries so there is a solution. You know now also they are studying the monetary process taken in Germany, Bolivia and Sedan.

End of Questions and Answers

I will address questions only one more time in this news letter. So if you have any questions related to this news letter today please feel free to address them in Dinar Recaps and George will forwarded them to me. Thanks for all you great questions so far and I wish this is being helpful. But please read my news letters carefully first before asking the question. It may already be addressed.

[Update: Fighting ISIS]

Article Begins

Article Ends

One more item today:

Let’s not forget to keep praying for the success of THESE IRAQI AND COALITION SOLDIERS. I believe their success is in part some of the acceleration of the process we are now witnessing.

Thank You TJP –

“Lord, protect Abadi and all who stand with him in righteousness, the Iraq and Coalition Soldiers who are fighting the good fight against terrorism, that they would be shielded from the enemy and would be Victorious against them! We ask that the Victory comes swiftly and healing of the Iraqi peoples and all whom have been effected by these evil doers can begin! Amen!

The Illuminati, through their “grandmaster” Alexander Romanov, promised a surprise for Thanksgiving this year and even gave us a hint of what it would be by showing a map of Turkey on his website. Now Pentagon sources are saying that Turkey is going to pay for its funding of ISIS and its aggression in the Middle East by having large areas of its territory confiscated. The same is going to happen to Israel, both Illuminati and Pentagon sources say. Saudi Arabia, for its part, will cease to exist as a Saudi family private property playground, they say.

This take-down of the Khazarian mafia is happening as world leaders gather in Paris to talk about using global warming pseudo-science to promote a very real economic campaign to stop environmental destruction and end reliance on fossil fuels. More about that later.

For now, the main action is concentrated on Turkey where Germany has joined France, Russia, Iran, Egypt and the Pentagon in fighting against the Turkish, Israeli, Saudi and Khazarian mercenary army known as ISIS.

The Pentagon prepared the ground for this campaign months ago by withdrawing all patriot missile defenses from Turkey and Israel. This paved the way for the Russian air-force to set up a no-fly zone throughout the Middle East, including Israel and now most of soon to be former NATO ally Turkey, Pentagon sources say.

Turkey is expected to imminently lose territory on several different fronts, Pentagon and Russian sources say. France, the former colonial master of Syria, is supporting a Syrian demand that Turkey return the Arabic majority province of Hatay

Meanwhile, the Russians and the Pentagon are now also supporting removing another huge chunk of Turkey to create a Kurdish state, the sources say. Finally, the nation of Armenia may also be about to get some historical payback, they say. Russian troops have poured into Armenia for the purpose of

Tony: I hope you are Super Fantastic, because I believe we have finally made it to the "Promise Land."

Weekend: Heard it was gone. Should have gone. Banks brought people in on Saturday. Rates on the board. Last Thursday, last Friday, even Saturday, all information said rates were pushed out to the banks. Sat. they were supposed to be pushed out to regional banks. People sitting waiting for 1:00 pm Saturday, said it was going live at 1:00 pm and here we are this morning. We are still waiting.

Rates still there but not completed to transaction.

CURRENT WINDOW:

Tony: Rates are sitting there. They just need the transaction codes. Someone in Iraq, in the parliament/banking system believes that after the IMF meeting, after China is included, rates will be official tomorrow, their time (which is our time tonight) He said we should be in our banks Tuesday/Wednesday. Tony: Remember, Exchange, Exchange, Exchange. That is the key word!IRAQ: Early this morning, the lower denom's were being released to some of the regions, although not throughout Iraq. Tony: Iraq says we should be in the bank on Tuesday or Wednesday. They can announce it after the meeting, or tomorrow so that it starts on the first day of a calendar month. Their first of December will be later tonight for us. INTERNATIONAL:

Canada Dinarian exchanged over the weekend for .13 for ZIM, .47 Dong, .87 Rupiah and the money is 100% available to her this morning. She did have to wait 48 hours for a background check.. NOTE: Our rates can very well be different from Canada.

IMF: Rates change on the first of the month, and that is another reason Tony thinks we will see the RV tomorrow.

UNITED STATES:

Tony: It’s already official here, and the banks think something will happen tonight or tomorrow and this will all be over with.

UST:

Banks: Executives having final meeting for release preparation at this time. Security has been called into the banks. Tony: A lot of smaller banks and branches were notified this weekend; those branches will not be doing exchanges, but were notified that exchanges are coming up. Why would they do that if it were not to take place? Additional security showed up at many banks today, and top executives are meeting right now for their final preparations. They are in meetings right now! So we are getting ready to go.

CLOSING STATEMENTS:TONY: Might do another call this evening if they let us. If not we will do it tomorrow if that's what it takes. If anything SF happens after the meeting will try and Tweet it out to you.

PAM: Hope it's a SF day. Great news. Canada has great information. We are there. Have your plans. Get ready so you don't have to get ready. You know more than you think you do.

RAY: It's a Marvelous Monday. Rejoice and be glad in it.

TONY: Pam has said, in case it does happen, incase they don't put out information, you guys have it. Given you several scenarios, guidelines. If it was Tony, this is what I would do. Go talk to everybody, swap information. . .. I don't think anyone will try and cheat you. They are there for business, just like you are. May the best business person win.

Know, a closed mouth doesn't get fed. Nothing beats a failure but a try. Remember, Exchange, Exchange, Exchange. That is the key word.

Don't be scared. It's just a business transaction. It's not the end of the world. Just don't be scared. Be professional. Don't get mad. Especially when it's in the bank. That person might help you.

You might run into people who will be upset during the exchange. They missed out on the opportunity of a lifetime, they’ve just found out this is real, and they might be put out. Be as polite as you can. They are just finding out it's real. Be as professional as you can. Get the best rate you can.

Again, as I get the information and it's super fantastic I will Tweet it out. We will be here to do whatever we need to do. Enjoy the rest of your day and hopefully we'll be back to give you the information you need. I'm gong to enjoy mine and life will be Super Fantastic.

BECAUSE The Fat Lady is warming up . . .

I'll see you on the bus . . . Pam's bus???

To take us to the cruise . . .

Remember to have fun out there in Dinar land. It's just life. And it's temporary. On the 10th day post RV, we will all be joined as one in our endeavor to pay it forward and change many lives. May theblessings be.

Ironically, what the big boys don't want to admit on national/world media outlets is that the Yuan is being exchanged 'directly among the BRICS countries' for over a year, leaving out the US dollar.

This GCR is a complicated 'roulette wheel' of Power and Money.

The Roulette Wheel

The Roulette wheel is made of 38 numbers which include 1-36, 0 and 00.

To determine the winning number, a croupier (aka: dealer) spins the wheel one way and then takes a little white ball and spins it the other way inside the wheel which has a tilted circular track that the ball goes around in.

Once the ball loses it's momentum, it usually bounces around and then finally comes to rest within one of the "pockets" (numbers). Players are then paid out accordingly.

Almost all roulette wheels are numbered in the same order as others. This order consists of: (going clockwise)

You can view the image below to decipher which numbers are red and which numbers are black. As you can see, the zero and double zero are the only two green numbers on the wheel.

Note: European Roulette only has 37 numbers as they don't play with a double zero.

Let us remember, Silver is the sleeper for it cannot be mined quick enough; back orders are two years now. Gold & Silver is currency!

Take heart. The GCR is inevitable; our number will come up on the wheel! Our manna cannot be stopped. Buckle up! We are blessed and highly favored.

I Love You All!

BULLDOG75 .............Knowledge is Power.

Chinese yuan to become global reserve currency 30 Nov, 2015The International Monetary Fund (IMF) is expected to give the yuan a vote of confidence on Monday and include the Chinese currency in its Special Drawing Rights (SDR) that unites the US dollar, euro, British pound and the Japanese yen.

The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan.

The International Monetary Fund’s executive board, which represents the fund’s 188 member nations, decided the yuan meets the standard of being “freely usable” and will join the dollar, euro, pound and yen in its Special Drawing Rights basket, the organization said Monday in a statement.

Approval was expected after IMF Managing Director Christine Lagarde announced Nov. 13 that her staff recommended inclusion, a position she supported.

It’s the first change in the SDR’s currency composition since 1999, when the euro replaced the deutsche mark and French franc. It’s also a milestone in a decades-long ascent toward international credibility for the yuan, which was created after World War II and for years could be used only domestically in the Communist-controlled nation.

The IMF reviews the composition of the basket every five years and rejected the yuan during the last review, in 2010, saying it didn’t meet the necessary criteria.

The decision is a “recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems,” Lagarde said Monday.

“The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy.”​The addition will take effect Oct. 1, 2016, the IMF said. The fund said the yuan would have a 10.92 percent weighting in the basket. Weightings will be 41.73 percent for the dollar, 30.93 percent for the euro, 8.33 percent for the yen and 8.09 percent for the British pound. The dollar currently accounts for 41.9 percent of the basket, while the euro accounts for 37.4 percent, the pound 11.3 percent and the yen 9.4 percent.

In a preliminary report in July, IMF staff estimated the yuan would have a weight of about 14 percent to 16 percent. The weighting will affect the interest countries pay when they borrow from the IMF. It may also affect the scale of inflows the Chinese currency receives in the coming months.

Monetary System

The decision establishes the yuan as a fixture in the very international monetary system Chinese leaders criticized following the global financial crisis. In a landmark 2009 speech, People’s Bank of China Governor Zhou Xiaochuan argued a global system so reliant on a single currency -- the U.S. dollar -- was inherently prone to shocks.

That conviction set off a global push by China’s leaders, including now-President Xi Jinping, to have the yuan included in the SDR, which countries can use to supplement their currency reserves.

The IMF endorsement is a bright spot in what has been a tumultuous year for the world’s second-biggest economy, which has been buffeted by slowing growth, a tumbling stock market and a shift by authorities toward a more market-oriented exchange rate.

Approval is unlikely to have much impact on short-term demand for the yuan, given the SDR’s minor share of global reserves, according to economists at banks including HSBC Holdings Plc and ING Groep NV.

But the backing of the IMF, as well as the financial reforms required for China to secure and maintain it, could propel use of the yuan past the pound and yen over the medium term, said Viraj Patel, a currency strategist at ING Bank in London.

"We’re going to see sort of the emergence of a renminbi trading bloc," mostly composed of Asian countries, Patel said in a phone interview before the decision, using the official name which means “the people’s currency” in Mandarin.

The decision should boost efforts by Xi to open up China’s financial markets. China implemented a series of reforms to win IMF support, such as opening its onshore bond and currency markets to foreign central banks and reporting its reserves to the IMF.

G-20 Host

The question is whether China, which will host meetings of the Group of 20 economies next year, will try to leverage the IMF’s support to pursue broader changes to the global monetary system. In his 2009 speech, Zhou suggested the IMF expand the use of the SDR to tap its potential as a "super-sovereign reserve currency."

The Washington-based fund created the SDR in 1969 to boost global liquidity. Under the Bretton Woods system of fixed exchange rates, countries pegged their currencies to the U.S. dollar. But for nations to increase their dollar reserves, the U.S. would have to run persistent current-account deficits, threatening the value of the greenback.

The SDR addressed this dilemma by serving as a supplementary reserve asset to augment countries’ gold and dollar holdings. While the SDR isn’t technically a currency, it gives IMF member countries who hold it the right to obtain any of the currencies in the basket to meet balance-of-payments needs.

At a board meeting on Monday, the International Monetary Fund is likely to announce that China's currency, the yuan, will join the dollar, yen, euro and pound as part of the global currency basket known as the Special Drawing Right.

​Don't dismiss this as an inconsequential technical adjustment. It's a milestone for the world economy.

Beijing has been seeking the decision for a while, arguing that the yuan's importance in world trade warrants this new status as a global reserve currency. Earlier this month the IMF staff reported that the yuan now met the criteria for inclusion in the SDR. It remains only for the board, representing the views of the U.S. and the IMF's leading members, to sign off. They should do so.

The point of the SDR is to assure IMF members that, if necessary, they can borrow the basket's constituent currencies to meet balance-of-payment needs. Now that more trade is transacted in yuan than in yen, China's currency easily passes the first test for inclusion -- that it be "widely used."

And China has made changes (such as opening up its bond market) to satisfy the other criterion, that the currency should also be "freely usable."

​(On Monday, it was announced that Michael R. Bloomberg, the founder and majority owner of Bloomberg LP, will lead a finance and industry working group to establish the trading and clearing of the Chinese currency in the U.S.)

Granted, deciding what's "freely usable" isn't black and white -- some discretion is involved, and China hasn't fully liberalized its capital market -- but refusing to include the yuan in the SDR would at this point look like a deliberate snub.

After all, the decision is not just about the technicalities of currency baskets, it's even more about granting China standing as one of the world's leading economies. In that regard, the change is overdue.

The People's Currency

Beijing will see the move as a recognition of its efforts to reform its economy and liberalize its financial markets. The decision will likely strengthen the hand of those who want reform to go further and faster -- which would benefit China and its trading partners alike.

In the short term, the direct effects on currency markets will probably be modest, but with time use of the yuan will widen further, which is all to the good.

Further changes are needed to give China and other big emerging economies a greater say in the IMF and global economic governance more broadly.

Since 2010, the U.S. Congress has delayed moves to bring such nations' voting strength at the fund into better alignment with their new economic weight -- not because of deep convictions on the matter but out of lawmakers' sheer inability to get anything done.

Such neglect is unacceptable. The shape of the world economy has changed dramatically in the past few years, and there's more to come. The institutions that governments have created to manage global finance need to keep up.

(Updates third paragraph in article published Nov. 29 to reflect a new working group on the yuan.)

Renminbi As The Fifth International Reserve Currency by Dan Steinbock, Difference GroupIf the IMF will endorse the renminbi as a new international reserve currency, the repercussions will be global and historical.

Recently, the International Monetary Fund’s staff and its chief Christine Lagarde suggested that the yuan should join the basket of international reserve currencies (the Special Drawing Rights, or SDR). The inclusion is expected to be approved at the IMF board meeting on Nov 30.

It would make the yuan the first currency of an emerging economy to be included in the basket. And it could unleash three waves of capital inflows into the Chinese currency.

IMF staff earlier this month proposed that the yuan be added to the basket of currencies used to value the SDR, a reserve asset created by the institution in 1969, and today that decision is confirmed (as expected).

The IMF’s Executive Board decision today means that the yuan will be included in the SDR basket from Oct. 1, 2016, effectively anointing the yuan as a major reserve currency and represents recognition that the yuan’s status is rising along with China’s place in global finance.

The International Monetary Fund agreed Monday to add the Chinese yuan to its currency reserves basket.

The decision — which marks another step in China's global emergence — came after the IMF evaluated China's role as an exporter and the yuan's role as a "freely usable" currency. IMF Managing Director Christine Lagarde noted the currency's inclusion is a "clear representation of the reforms" taking place in China.

The addition of the yuan, or renminbi, will take effect next October.

Backdoc>> November 30th, 2015

THE RIPPLE IN THE POND NOW BEGUN! PRAISE GOD FROM WHOM ALL BLESSINGS FLOW!

Desire>> November 30th, 2015

Please keep your arms and legs inside the car until the ride has come to a complete stop!

Backdoc >> November 30th, 2015

HANG ON TO YOUR HATS, SEATS, AND TICKETS, FOLKS, THE SDR TRAIN IS ABOUT TO ROLL!

MY EYES WILL BE FOCUSED ON THE WEE HOURS OF THE 7TH GOING INTO THE 8TH. IF ALL GOES WELL, BY MID DECEMBER WE WILL SEE OUR DECEMBER TO REMEMBER WITH AN INTERNATIONAL LIVE RATE OF MANY CURRENCIES!

DON’T BE IN A HURRY TO SWAP YOUR CURRENCY THEN, JUST LET THE REAL VALUE CLIMB!

BY THE END OF THE FIRST 90 DAYS YOU WILL SEE THE INTERNATIONAL RATE REACH MATURITY TO RI STATUS.

IMO I THINK THERE WILL BE A MUCH HIGHER RV (REVALUE) RATE MONTHS LATER. TIME WILL TELL.

Over the next 72 hours you can still follow the progress. See the scope below. This will not change, do not worry.

The current and working forums is use the http format:(sorry, I created the stupid rules and not can not give full format) forums2014.peoplesdinar.com a/k/a http://207.168.245.84(This will ask for a new login and password but a valid account)

The temp new forum during the upgrade for testing will be "http"://betaforums2016.peoplesdinar.com (once live you will get to see the new live format)

The final resting place for our site will be "http"://forums2016.peoplesdinar.com a/k/a http://207.168.245.92(DNS will take a few hours)

The only reason this is being done is for the mere fact that we are at the end of this investment. Trust me, this will be a journey you will never forget.

The only reason this is being done is for the mere fact that we are at the end of this investment. Trust me, this will be a journey you will never forget.

As we approach the end of our journey on this endeavor and we move on to the next one, what can I do to help you thru this difficult journey?

Do you want a Q&A session? Open chat room for Q&A? Tell me what you want.

This site will be upgraded this weekend to the most advanced version. Easy to use and great for mobile devices. So, tell me what you want. Thanks, Blessings, Steve

Fozzie said: Q&A would be fantastic. I have new questions based on rumors that Iraq could have an exchange period for the larger notes, like the 50 Dinar Bill, and then discontinue notes "in country" only after this time period is over, but that they would only be discontinued "in country".

This makes me nervous as I had a 100 German Mark Note that I can no longer exchange because it was discontinued for the new currency. I attempted to exchange it at an exchange booth in the airport and was told that unless I am a German citizen and have a German bank account, it was useless paper.

Stevel: Ok, I will answer these now. Like you mentioned, there is the process of "in country" and other means. The 50K has been in the works for awhile and was to draw the lower three zeros in due to the counterfeiting. This was forces by the CBI and all of the citizens have been aware of this process. So what is the concern now? All is good. Blessings, Steve

Mr Haney said: So are they, forcing?, exchanging the 25K for the 50K to weed out the counterfeiters?

Stevel: Yes, big time. This was a plan not just a matter of fact. Blessings, Steve

sds67 said: Sir, do we need to exchange our 25,000 we have not for the 50,000 or just in country.

Stevel: Absolutely NOT! This is an in country only. I talked to may sources and I want to put this to rest now. Blessings, Steve

Freedombug said: Could you give any updates on the progres at Mousil? We heard the supply line was disrupted....have further sticks taken place? Thank you.

Stevel: Yes, according to our sources, all troops will have everything under control and one within a few weeks

buck72801 said: Don't u guys really feel this is coming to an end? We have been here kinda before, and so many things has gotten in the way ISIS which will soon be waswas, but this time feels so different, almost like it's expected and no way it can't ,God bless and have a wonderful day. Tim

Stevel: Yes Tim. They need to finish security in the country and then things will move very quickly.

Dane said: Hey Steve, How do you think the RV process will unfold and what indicators should we be looking for?

Stevel: Indicators will be completed security within Iraq. Look for the final undertaking and freeing Mosul.

Being disappointed is a natural reaction to high hopes, it is okay to be disappointed it is okay to feel the let down, that only makes the victory that much sweeter when it comes

Apexdinar:

honestly - anyone who thinks this has all gone, 'as planned' has never managed even the smallest project with more than one person involved, lol...plans change, adjust, and get scrapped all the time!

Bamaltc:

IMO only one thing remains.... we wait until this thing happens.... the world is pushing for this.... and they will not release everything until this thing happens....OkRocks:

I still believe we are on the brink of this... and I know its going to happen, I have no waiver in that

Red:

We make it sound like they are trying to push a button that has so much resistance not even 20000 men can make the button go down and be pushed, that is nonsense… it's just not time and it only takes one finger to push the button…… when it's time they will push it

Rrrr:

“Button Pushers”…. I’m a thinkin’, a dangerous venture on my part, but this has bothered me for a while. This button to be pushed could be of a foreign style. Has this person been trained in button pushing 101? Buttons, like humans, react in different ways when and how they are pushed. You may need to push the right side… or push the left side… push it in the middle….push and hold… or not! Sometimes it’s the little things that make the difference. Never take your buttons for granted!

ONE CORRECTION TO MY OZ GOES GLOBAL POST LAST NIGHT. THE ECB LOOKS TO BEGIN QE ON THURS. NOT MONDAY. WE WILL SEE. NOT A BIG DIFFERENCE. I JUST WANT TO BE ACCURATE. DOC

Greenthumb>> November 30th, 2015

OMGosh !!!!!! They have finally acknowledged Shabibi Baby as the head !!!!!! We should all have a knot in our stomachs !!!!!!! ? (see article below)

billuke>> November 30th, 2015

So are they acknowledging Shabby as head of the CBI or are they talking about his past works before M put the kabosh on the Shabbs

Frank26>> November 30th, 2015

It has been ...... It is as we have SHARED:

Two MONDAYS ago we PROVED that #4 was given by DRS.

SHARED ....RI into RV and ... DECEMBER 15th.

Then told YOU that #3 would be in the FIRST WEEK OF DECEMBER.

What will we SHARE tonight? If it was up to me ............... Nothing.

KTFA Frank........ More.

Walkingstick>> November 30th, 2015

On the road to reform (4) Central bank: review and Solutions

Sunday November 29, 2015 - 09:33

Iyad al-Samarrai Secretary General of the Iraqi Islamic Party

Conference held recently, Dr. Ali Keywords Governor of the Central Bank followed the agency and I was disappointed because I did not find what reassure him, and I saw the danger signs are clear as to whether the policies pursued by the central bank on what they are.

Lasted First, we had to ask the Central Bank to issue an official document shows where his policies and his plan, especially as the crisis experienced by Iraq will continue to the end of the age of the current government, at least, we do not want this government through the wrong policies to migrate its financial problems and its inability to address them to the next government and doubly.

Second, prove not to the House of Representatives the ability of the central bank accountable for his lack of experts independent professionals in this area, found expert was linked to the political Bactlth makes him incapable of commitment to professional position just. And thirdly: to be the House of Representatives to hold a meeting calls him a number of financial experts to discuss the central bank policy, and there are many pieces are ready for that, then the bank is required to amend the its policies in the light of the results of this meeting.

The central bank headed by Shabibi has succeeded in strengthening the confidence of the Iraqi dinar due to strict policies on the one hand, and an increase in oil revenues on the other hand, and this was born the confidence of a relative of the Iraqi economy, which is the weak economy originally to its dependence on a single commodity is oil, and because the state neglected the development of industry and agriculture sectors over the past ten years.

The countries depend on a single commodity wobbling price can not build accurate forecasts around you'll need to very large reserve to stabilize and face surprises, and can not be compared to Iraq and other countries vary their sources of income and its trade balance balanced .

Had we reviewed the majority of oil-producing countries, we find its economy and its ability to withstand surprises much better than Iraq, for example, it was the Algerian Central Bank reserves exceed $ 230 billion, and in spite of that it imposed the Algerian government to reduce import to maintain the balance of payments policy. Therefore I am appalled by what I found from apathy decline in hard currency reserves, and if he is Hin, I would therefore like to recall four things: first: that Iraq has from the reserve more than twenty billion dollars since the crisis began falling oil prices.

II: The debts of Iraq, oil companies and other convergence and perhaps exceed the central bank's reserves current, thank Kuwait for the state which decided to postpone the deduction of 5% for 2015 and possibly Stagelha as well as for 2016.

Third: that Iraq's imports exceed its revenues, and there on the horizon any action to address it.

IV: The loans that the government is seeking to obtain it will exacerbate the problem and increase the risk . In short, the central bank should commit to amend its policies, and is keen to maintain the reserves and selling of the dollar, but as far as revenue, and the austerity policy imposed by the government on the government apparatus and projects must be accompanied by other austerity comprehensive policy through which to adjust imports in order to encourage national production for goods and services must be bold policies to achieve these objectives.

The government has refused to impose a tariff Kmarkip under the pretext of lack of control over all border crossing points, and in spite of the merits of the cause, but a sign of the government's inability to address the issue of financial problems with the Kurdistan region.

It is possible for the government and a substitute for customs tariff imposition of sales tax that went part of it to support local production and thereby achieve: increase domestic production, and the reduction of import, and relieve pressure on the cash reserves of the Central Bank, and run more of the workforce, and to keep the business competition as a pressure to improve product quality, and provide domestically produced commodities at a reasonable price for citizens.

The economic file is still apparently far from the serious attention, and deep understanding of the seriousness of Malath if the gradient levels remain as they are now.

Tootsie: Thought for the Day “Think for yourselves and let others enjoy the privilege to do so, too.” ~ Voltaire (1694-1778)​TxBrand: another thought for the day ISLAM IS NOT ALLOWED IN USA! Whether it is a religion is immaterial because the law states that Aliens who are affiliated with any "organization" that advocates the overthrow of our government are prohibited. Islam, by law, is prohibited from US immigration - 1952 McCarran Walters ACT

TxBrand: ‹@Tootsie› they are not going to rebuild that restraint in Old Town Spring... its up for sale as is .. I think your the one I was talking to about that lol

Tootsie: that act was updated in 1965 ~ as posted earlier. McCarren was aimed at subversives such as communists. Islamists as a whole do not advocate such ~ not all islamists are terrorists ~ - There are American born and those with citizenship that are in our Military, ~~ upholding the USA ~ Religion is not a basis for torrirsts ~ radicalization comes in all forms, and all religions. ~~ can't pick on just one.

Tootsie: Sad they are not rebuilding, but if they did the ghost may not appear in the new one LOL.

Islam is one of the largest religions in the world, with over 1 billion followers. It is a monotheistic faith based on revelations received by the Prophet Muhammad in 7th-century Saudi Arabia. The Arabic word islammeans “submission,” reflecting the faith's central tenet of submitting to the will of God.

Followers of Islam are called Muslims. According to Islamic tradition, the angel Gabriel appeared to the Prophet over the course of 20 years, revealing to him many messages from God. Muslims recognize some earlier Judeo-Christian prophets—including Moses and Jesus—as messengers of of the same true God. But in Islam, but Muhammad is the last and greatest of the prophets, whose revelations alone are pure and uncorrupted. continues in aove

Tootsie: Believe what you want to, I just do not believe in trying to spread anything at all on a chat room that will hurt anyone. We have no idea who, what, relation, color, race, creed, disabled , not disabled or a multitude of other items. I DO NOT want to OFFEND anyone at all on a chat room. Be Mindful of what is stated - my motto

Tootsie: religion, not relation

Tootsie: amber need to piddle, later ~~ Have a great day all

TxBrand: You don't what to warn people of the Fact that they want to hurt us... take over our country ? Its ok for them to hurt us... we are suppose to sit back and watch it happen ?

Tootsie: This is not the venue for such a discussion ~ of course not. But I would not call all of the German population Nazis either. One can find supporting evidence of anything they want to ~ that is very easy to do.

Again, I will not try to sway or be judgemental on a chat room that is supposedly associated with Iraqi dinar/ and Iraq. Please do not try to put words in my mouth or assumptions ~ Again, one can find anything they want to on the internet, particularly social media. Anyone can spout off whatever they want to and so on.

TxBrand: ‹@Tootsie› you need to educate yourself... watch that video... then say things like that

Tootsie: Again, they are wondering why so little participation in this chat room. - heck If I went into a new chat room and saw some of what has been here in last few days I would not come back either. oh well. Tootsie: I am educated, ty kindly.

TxBrand: this happens to do with the title of the chat room

TxBrand: your saying this has nothing to do with wealth ?

TxBrand: your not educated in what Islam mean... darn you to watch this and say the same thing www.facebook.com/EricAlle...

chattels: a member of the Parliamentary Commission of Economy, stressed that "the investment environment in Iraq so far not fully equipped and vary between the province and the other", noting that it "needs to be incentives to attract investors."

The MP Najiba Najib told all of Iraq [where], the lack of fertile environment for investors in Iraq is not limited only to the security file, but on corruption and personal interests in addition to the red tape that hampers investors access to attractive offers to attract them.

chattels: the lack of fertile environment for investors in Iraq is not limited only to the security file, but on corruption and personal interests in addition to the red tape that hampers investors access to attractive offers to attract them.

chattels: ".......... the security file, but on corruption and personal interests in addition to the red tape that hampers investors .........."

chattels: "She added," The red tape and extortion suffered by investors about Iraq to a repellent for the investor, "indicating that" the government and the parliament are seeking to pass laws and administrative decisions that can be attractive for the investor.

chattels: " ............. repellent for the investor ........... "

chattels: " ................. the parliament are seeking to pass laws and administrative decisions that can be attractive for the investor." chattels: wealthwatch.world/showthr...

chattels: the Minister of Finance revealed on Sunday that Iraq will receive a $ 1.2 billion loan from the International Monetary Fund. Zebari said in a statement that "the International Monetary Fund does not have any requirements on Iraq to give him financial loans but has a program to assist in the financial management and the economy, which helped the collection of soft loans from some international organizations."

He added that "Iraq will take over soon billion and $ 200 million as a soft loan from the International Monetary Fund, noting that "Iraq is not bankrupt nor poor, but requires cooperation and good use and recruitment of his money."

chattels: the Commission on oil and energy parliamentary monitoring role of the Ministry of Oil in the rehabilitation of the Baiji refinery shortest possible time, and that the coming days will witness joint meetings to discuss the rehabilitation mechanism fully.

"He pointed Mezni" The rehabilitation of the Baiji refinery process cost the government huge sums of money because of the great damage done by the war with Palmcefy Daash terrorist gangs, which had controlled the refinery ". wealthwatch.world/showthr

chattels: AMEDI, Kurdistan Region — Turkey late Sunday once again started shelling Kurdish fighters of the Kurdistan Workers’ Party (PKK) in border villages of the Kurdistan region of Iraq. Turkish artillery began shelling the villages of Bedkar, Spindar, Baluka and Kara in the Kani Masi district of Amedi, according to Rudaw correspondent Gharib Majid.

Intermittent Turkish shelling is ongoing and casualties are not yet known. Ankara has a history of bombarding border areas of the Kurdistan region in Iraq to target PKK fighters, mostly around Mount Qandil. chattels: rudaw.net/english/kurdist...

chattels: PARIS, France - French authorities said Sunday a record number of 120,000 police and military personnel will be patrolling Paris while the French capital hosts a world summit on climate change for two weeks, starting Monday. rudaw.net/english/world/2...

chattels: left the President of the Republic Fuad Masum, to Paris to participate in a climate which will be held on Monday in the presence of 150 political leaders from various countries of the world conference. www.alliraqnews.com/modul.

chattels: " The central bank, headed by Shabibi has succeeded in strengthening the confidence of the Iraqi dinar due to strict policies on the one hand, and an increase in oil revenues on the other hand, and this was born the confidence of a relative of the Iraqi economy, which is already weak economy to its dependence on a single commodity is oil, and because the state neglected the development of industry and agriculture sectors Over the past ten years."

chattels: Congress threatens to shut down government over Syrian refugees Republicans in Congress are threatening to shut down the government to keep Syrian refugees out of the country. Read more: www.al-monitor.com/pulse/...

chattels: Craig Whiteside ‏@CraigAWhiteside 2h2 hours ago Craig Whiteside Retweeted Lawrence Rubin Berman and Shapiro make a great argument here that IS is doomed as an economic entity. Good news for us.chattels: " In the accelerating public discussion of ISIL, it’s easy to become focused on what we don’t know: ........... "chattels: Like the IQd , eh ?

chattels: " ............ ISIL is most usefully thought of as a state. Not a state with recognized borders, but an entity that needs to control territory in order to sustain its message, validate its propaganda and maintain much of its capacity.

And if it’s is a state, then the good news is that it’s an extremely weak one: geographically vulnerable, with an unsustainable resource base and a grave problem with its population. As we decide how to confront it, there are three crucial points to understand."

chattels: " Money : The first thing to recognize about ISIL is that it has an intractable funding problem."

chattels: " ........... ISIL is left with what has been revealed as its main funding source: extorting funds from the population under its control. This is standard practice for rebel groups, showing up with guns at roadblocks and businesses and demanding payment or confiscating goods.

But extortion, too, is unsustainable as the most productive residents flee, taking their capital with them (both human and physical), inflation erodes the value of taxes that are collected and people exposed to excessive taxation stop investing in productive activities."

chattels: " People : ................. the group has suffered massive departures from its territory, so many that its propaganda machine has taken to attacking those who leave."

chattels: " ............ the people attracted by ISIL’s global recruiting drive amount to an army of fighters—low-skilled ideologues, for the most part, rather than the engineers, administrators and entrepreneurs that an economy would require to thrive, at least to judge from published reports."

chattels: " Regime competence : Even absent attrition, ISIL would be doomed as a state."

chattels: " It is impossible to predict how long it will take for the state’s economy to collapse, but the collapse over time is certain."

chattels: " As the Soviet Union was to communism, so ISIL is to jihadism: the purest articulation of a noxious ideology of governance, which incidentally has little connection to Islam. If we allow it to fail, then it will be clearly a failure of ISIL as an idea. The same is not true of a military defeat at the hands of Western forces.

Given its deep structural weaknesses and its symbolic value in the global war of ideas, our best strategy is almost surely one based on containment, allowing the group’s motivating ideology to destroy the group from the inside—and thus more rapidly find its proper place in the dustbin of history."

chattels: " Knowing all that, and thinking of ISIL as a state, implies that “containment plus” indeed makes sense. We’re fighting a failed state in the making, one that will implode if merely contained, and will collapse even faster under coordinated economic and military pressure from its neighbors. Granted, this view of ISIL as eventually doomed does not treat the urgent threats it poses, both in the Middle East and in the West. "

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